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UK small-cap RNS · 22 Jun 2026

Every announcement of UK small & mid caps under £2bn. The ones that started or moved a situation are marked – a click opens it.

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  1. 17:18
    Holding(s) in Company Holding
  2. 16:05
    Proposed Refinancing & Equity Fundraise Fundraise
    Raises a minimum £2.9m at not less than 3.0p, versus 25p in December 2025, adding about 39% new shares; it is a deeply dilutive rescue raise after the funding warning.
    Transformational contract / build-out £2.9m · 17% of mcapoutlook positivefirst in 6 months +25.9% on the day
    Moved: Short-term funding requirement: Funding need identified; loan notes amended → Refinancing package agreed; shareholder vote pending · Fundraise for US expansion: Bookbuild closed; WRAP retail offer open → New ABB launched; earlier raise superseded · Nationwide LeakBot rollout: Third order signed; 26 states; largest customer → Further 35,000-unit order intended
  3. 15:33
    Energean ENOG £1,358m
    Director/PDMR Shareholding Director dealing
  4. 13:43
    Director/PDMR Shareholding Director dealing
  5. 07:00
    Final Results Results
    Audited FY2025 results confirm the revenue fall to £1.4m from £2.9m and a wider operating loss of £19.2m, including £3.8m impairment. The figures were already flagged on 16 January, below the c.£1.6m expected.
    Turnaround plan with targets 52% of mcapbelow expectationsoutlook mixedfirst in 9 months −20.0% on the day
    Moved: Restructuring and turnaround: Pharma MSA signed; FY2026 revenue target stands → Audited FY2025 results; target and cost cuts confirmed · Equity fundraise: Funds received; cash £7.3m at year-end → Completed December 2025; funds support runway to Q2 2027
  6. 07:00
    AGM trading statement Trading update
    Full-year guidance is only reconfirmed as 'year-on-year progress', not raised. Q2 volume, margin and EBITDA growth is ahead of expectations, which supports the earlier 'risks to the upside' line.
    Disposal of a part (break-up) ahead of expectationsoutlook positivefirst since Oct 2023 −14.7% on the day
    Moved: Broadened divestment programme: Four projects underway; no deal announced → First deal (Acrylate Monomers) announced; others continuing
  7. 07:00
    Final Results Results
    Loss narrowed to US$0.83m only because last year's Project Argo impairment is absent, while cash fell to US$0.3m. The January 2026 raise of £1.19m funds work on the Jelani Mining Right.
    Project milestones outlook mixedfirst in 8 months −15.4% on the day
    Moved: Jelani joint venture and mining licence: Application accepted by DMPR; processing under way → Application accepted 7 May 2026; processing under way · new: Pol Sun legal claim against WRE – Proceedings stayed; company sees remote risk
  8. 07:00
    Trading update and Investor Meet Company seminar Trading update
    Rule read an upgrade, but FY26 expectations are cut modestly versus January and FY27 expectations are moderated; Translogik tyre-major sales and slower SAWsense NRE commitments are the causes.
    Upgrade / downgrade cycle below expectationsoutlook mixed, loweredfirst since Oct 2023 −14.2% on the day
    Moved: SAWsense pilot production line: Line operational; final equipment due February 2026 → Procurement complete; initial validation as expected · Translogik customer ramp-up: Adoption slower than expected; pipeline building → Tyre major demand weak; new deals near conclusion
  9. 07:00
    Further Operational Update
    The Chief Commercial Officer is promoted to lead the move to a licensing business. It is subject to due diligence and takes effect after the fundraise, so it is a reset rather than a fresh strength.
    Turnaround plan with targets outlook negativefirst since Oct 2023 +0.0% on the day
    Moved: MFE220 Mark II 1MW development: Doubtful; no resources for redesign → Unit non-operational; root cause pending; no redesign resources · Liquidity and funding shortfall: Material uncertainty over continuing operations → Cash to mid-July; fundraise in discussion · Insurance and customer contract impact: Insurers assessing; cause under investigation → Claim being assessed; Lagan talks ongoing
  10. 07:00
    Trading Update Trading update
    FY26 revenue cut to c.£32.0m from £38.0m and Adjusted EBITDA to £1.7m from £4.5m after a pipeline review, reversing the 30 April upgrade; cost savings only partly offset it.
    New CEO / reset outlook negative, loweredfirst in 11 months −35.3% on the day
    Moved: FY2025 revenue slippage into 2026: Audited results confirm restatement → FY26 guidance cut after pipeline review · CEO succession: Interim CEO in place; search under way → Interim CEO restructuring costs
  11. 07:00
    Definitive US$10.5M Settlement Re: Aftan
    Turns the stalled Aftan award into a US$10.5m instalment settlement to 2029 with share pledges, but it only takes effect once Hebei pays US$500,000 by 6 July 2026.
    Capital return outlook positive +21.1% on the day
    Moved: Aftan arbitration award enforcement: Supreme Court review pending; company confident → Definitive settlement signed; awaiting first payment · Director loan facility refinancing: Working capital need eased; loans unresolved → Funding need may ease; loans still unresolved · new: Return of Aftan settlement proceeds – Intention stated; mechanism not announced
  12. 07:00
    Sale of Non-Core Businesses
    Signed agreements sell three of four remaining non-core activities for $13.3m cash, over three instalments, advancing the exit strategy. It still needs shareholder approval and a corporate reorganisation, so it is agreed, not completed.
    Disposal of a part (break-up) first since Oct 2023 +6.3% on the day
    Moved: Exit of non-core assets: Five sold; diagnostics now Non-core → Sale of three more non-core businesses agreed · new: Dor to take c.22% stake – Agreements signed, subject to conditions

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